HomeMy WebLinkAbout7356 - ADMIN Resolution - City Council - 1983/03/21March 21, 1983
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RESOLUTION NO. 7356
RESOLUTION DESIGNATING PLACEMENT OF
PROCEEDS FROM SALE OF REAL PROPERTY
IN THE PARK IMPROVEMENT FUND
BE IT RESOLVED by the City Council of the City of St. Louis Park
pursuant to Section 11.05 of the City Charter:
1) The City has received and accepted a proposal in the amount
of $5,900 for the sale of Lot 12, Block 7, J. F. Lyons 4th
Addition by contract for deed for the sum of Five Thousand
Nine Hundred Dollars ($5,900) with a down payment of Nine
Hundred Dollars ($900) and the balance payable over 5 years
at 12% with payments of $111.22 per month. The City retains
street and utility easements.
2) This property was originally purchased with money from general
revenues, has no outstanding indebtedness and the proceeds of
its sale shall be placed in the park improvement fund.
Adopted by the City Council March 21, 1983.
Reviewed for administration:
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Approved orm and legality:
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T y A ;'orney